Dollar Revolving Borrowing definition
Examples of Dollar Revolving Borrowing in a sentence
At the commencement of each Interest Period for any Australian Dollar Revolving Borrowing, such Borrowing shall be in an aggregate amount that is an integral multiple of AUD 500,000 and that has an Equivalent Amount in excess of $500,000.
Borrowings also may be classified and referred to by Class (E.G., a "Dollar Revolving Borrowing") or by Type (E.G., a "Dollar Eurocurrency Borrowing") or by Class and Type (E.G., a "Dollar Eurocurrency Revolving Borrowing").
Thereafter, the applicable Borrower may elect to convert such Borrowing to a different Type, provided that a Eurocurrency Revolving Borrowing or Australian Dollar Revolving Borrowing denominated in a Foreign Currency may not be converted to a different Type, or to continue such Borrowing and, in the case of a Eurocurrency Revolving Borrowing or Australian Dollar Borrowing, may elect Interest Periods therefor, all as provided in this Section.
Borrowings also may be classified and referred to by Class (e.g., a "Dollar Revolving Borrowing") or by Type (e.g., a "Eurocurrency Borrowing") or by Class and Type (e.g., a "Dollar Eurocurrency Revolving Borrowing").
Borrowings also may be classified and ----- referred to by Class (e.g., a "Dollar Revolving Borrowing") or by Type (e.g., a ---- ---- "Eurodollar Borrowing") or by Class and Type (e.g., a "Eurodollar Revolving ---- Borrowing").
If the applicable Account Party fails to deliver a timely Interest Election Request with respect to a Euro- Dollar Revolving Borrowing prior to the end of the Interest Period applicable thereto, then, unless such Borrowing is repaid as provided herein, at the end of such Interest Period such Borrowing shall be converted to a Base Rate Borrowing.
Each Dollar Revolving Borrowing shall be made on notice given by the U.S. Borrower to the Administrative Agent not later than 2:00 p.m. (New York time) (i) one Business Day, in the case of a Borrowing of Base Rate Loans and (ii) three Business Days, in the case of a Borrowing of Eurocurrency Rate Loans, prior to the date of the proposed Borrowing.
If no Interest Period is specified with respect to any requested Eurocurrency Revolving Borrowing or Australian Dollar Revolving Borrowing, then the Borrowers shall be deemed to have selected an Interest Period of one month’s duration.
Borrowings also may be classified and referred to by Class (e.g., a "364-Day Revolving Borrowing"), by Type (e.g., a "Eurocurrency Borrowing") or currency (e.g., a "Dollar Borrowing") or by a combination thereof (e.g., a "364-Day Eurocurrency Revolving Borrowing" or a "Dollar Revolving Borrowing").